snippets - week ending 3rd july, page-6

I'm very thankful to the ppl who post on this thread for sharing the results of labour which I can and do incorporate into my own analysis to get better results. Cheers folks.

I'm very focussed on the S&P500 and what's around this bend in the river up ahead and ever mindful of the 135 days from low after a 90 day run up. If it sets up as a recognizable lower high (as against the 11 June high) I'll be pulling my canoe over to the river's edge and getting out tvm.

Today is 120 from low - I'm counting 7 March as day 1.

McLaren has in the past often referred to that set up (90 day run up and then lower high at 135) as a "crash cycle" (see 87 crash cycle). I'm stating it in simple terms as best I can. Our high was 97 days from low but that high being off a the mark by a week is softened by fact the index was trading around the level of the high at 90 days. Precise hits suggest a higher probability of the same outcome as before.

The set up for that from here I guess would be ideally a creeping trend or struggle up for a lower high around 19 July and then a steep drop off from there (give or take a day or so but a spot on hit would be preferable). I guess there's plenty of time for a new swing low and then creep up or even a burst up to the 19th but how we trade up to that date is what I'm focussed on.

Cheers Chris.